44Power to enter into partnerships, joint ventures, &c.

44 Power to enter into partnerships, joint ventures, &c.

(1)  Homes Tasmania may, subject to this section, enter into partnerships, trusts and joint ventures.

(2)  Homes Tasmania may only enter into a partnership, trust or joint venture –

(a) if the partnership, trust or joint venture is for purposes that include –

(i) enabling the development of housing for provision to eligible persons or persons on low or moderate incomes; or

(ii) enabling the development of land (including by way of subdivision) so that some or all of the land may be used for the development of housing for provision to eligible persons or persons on low or moderate incomes; and

(b) with the approval of the Treasurer, if the total capital expenditure required to fulfil the purpose for which Homes Tasmania is entering into the partnership, trust or joint venture, is estimated to be more than the amount determined by the Treasurer under subsection (3) .

(3)  The Treasurer may, by instrument in writing provided to Homes Tasmania, determine an amount for the purposes of subsection (2)(b) .